The Orange Book
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The Orange Book
''The Orange Book: Reclaiming Liberalism'' is a book written by a group of prominent British Liberal Democrat politicians and edited by David Laws and Paul Marshall in 2004. Three contributors later became leaders of the Liberal Democrats: Nick Clegg, Vince Cable and Ed Davey. Other contributors include Chris Huhne, Susan Kramer, Mark Oaten and Steve Webb. The book's central philosophy, and some of its ideas, are supported by Liberal Reform, an internal group of the Liberal Democrats. The term Orange Bookers refers to those in the party who subscribe to the book's emphasis on greater personal choice and possible market solutions. In the book, the group offers liberal solutions—often stressing the role of choice and competition—to several societal issues such as public healthcare, pensions, environment, globalisation, social and agricultural policy, local government, the European Union and prisons. It is usually seen as the most economically liberal publication that t ...
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Paul Marshall (financier)
Sir Paul Roderick Clucas Marshall (born 2 August 1959) is a British investor. According to the ''Sunday Times Rich List'' in 2020, Marshall is worth £630 million. Early life Paul Roderick Clucas Marshall was born on 2 August 1959 in Ealing, London, England, the son of Alan Marshall, managing director, Philippine Refining Company (later Unilever Philippines), and Mary Sylvia Clucas, daughter of T. S. Hanlin. His sister is the journalist Penny Marshall. When his parents moved to the Philippines and then South Africa for his father's job with Unilever, Marshall boarded at Merchant Taylors' School, in England. He boarded in the Manor of the Rose while at the school. From there he went to St John's College, Oxford, to read History and Modern Languages, and subsequently took an MBA from INSEAD business school in Fontainebleau, France. Career He is the co-founder and chairman of Marshall Wace LLP, one of Europe's largest hedge fund groups. Marshall Wace was founded in 1997 by Ma ...
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Liberal Reform
Liberal Reform is a group of members of the British Liberal Democrats. Membership of the group is open to any Liberal Democrat party member, and is free of charge. It was launched on 13 February 2012, and describes itself as a broadly centrist group that seeks to promote 'four-cornered liberalism' within the party. Each 'corner' consists respectively of economic, social, personal and political liberalism, mirroring the opening chapter of the Orange Book by David Laws. It states that it accepts that virtually all Liberal Democrats believe in four-cornered liberalism, but emphasises its belief that economic liberalism, consisting of the promotion of open markets, competition and free trade, "has to be a key component of modern liberalism". ''Liberal Reform'' organises a number of fringe events at the twice-per-year Liberal Democrat Conference. Liberal Reform's four-cornered liberalism is exemplified by specific policy goals: a belief in the importance of open markets and free trad ...
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Social Liberalism
Social liberalism (german: Sozialliberalismus, es, socioliberalismo, nl, Sociaalliberalisme), also known as new liberalism in the United Kingdom, modern liberalism, or simply liberalism in the contemporary United States, left-liberalism (german: Linksliberalismus) in Germany, and progressive liberalism ( es, Liberalismo progresista) in Spanish-speaking countries, is a political philosophy and variety of liberalism that endorses a social market economy and the expansion of civil and political rights. Social liberalism views the common good as harmonious with the individual's freedom. Social liberals overlap with social democrats in accepting economic intervention more than other liberals, although its importance is considered auxiliary compared to social democrats. Ideologies that emphasize only the economic policy of social liberalism include welfare liberalism, New Deal liberalism in the United States, and Keynesian liberalism. Cultural liberalism is an ideology that hig ...
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Paul Marshall (investor)
Sir Paul Roderick Clucas Marshall (born 2 August 1959) is a British investor. According to the ''Sunday Times Rich List'' in 2020, Marshall is worth £630 million. Early life Paul Roderick Clucas Marshall was born on 2 August 1959 in Ealing, London, England, the son of Alan Marshall, managing director, Philippine Refining Company (later Unilever Philippines), and Mary Sylvia Clucas, daughter of T. S. Hanlin. His sister is the journalist Penny Marshall. When his parents moved to the Philippines and then South Africa for his father's job with Unilever, Marshall boarded at Merchant Taylors' School, in England. He boarded in the Manor of the Rose while at the school. From there he went to St John's College, Oxford, to read History and Modern Languages, and subsequently took an MBA from INSEAD business school in Fontainebleau, France. Career He is the co-founder and chairman of Marshall Wace LLP, one of Europe's largest hedge fund groups. Marshall Wace was founded in 1997 by Ma ...
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Economic Liberalism
Economic liberalism is a political and economic ideology that supports a market economy based on individualism and private property in the means of production. Adam Smith is considered one of the primary initial writers on economic liberalism, and his writing is generally regarded as representing the economic expression of 19th-century liberalism up until the Great Depression and rise of Keynesianism in the 20th century. Historically, economic liberalism arose in response to feudalism and mercantilism. Economic liberalism is associated with markets and private ownership of capital assets. Economic liberals tend to oppose government intervention and protectionism in the market economy when it inhibits free trade and competition, but tend to support government intervention where it protects property rights, opens new markets or funds market growth, and resolves market failures. An economy that is managed according to these precepts may be described as a liberal economy or oper ...
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Prison
A prison, also known as a jail, gaol (dated, standard English, Australian, and historically in Canada), penitentiary (American English and Canadian English), detention center (or detention centre outside the US), correction center, correctional facility, lock-up, hoosegow or remand center, is a facility in which inmates (or prisoners) are confined against their will and usually denied a variety of freedoms under the authority of the state as punishment for various crimes. Prisons are most commonly used within a criminal justice system: people charged with crimes may be imprisoned until their trial; those pleading or being found guilty of crimes at trial may be sentenced to a specified period of imprisonment. In simplest terms, a prison can also be described as a building in which people are legally held as a punishment for a crime they have committed. Prisons can also be used as a tool of political repression by authoritarian regimes. Their perceived opponents may be ...
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European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ...
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Local Government
Local government is a generic term for the lowest tiers of public administration within a particular sovereign state. This particular usage of the word government refers specifically to a level of administration that is both geographically-localised and has limited powers. While in some countries, "government" is normally reserved purely for a national administration (government) (which may be known as a central government or federal government), the term local government is always used specifically in contrast to national government – as well as, in many cases, the activities of sub-national, first-level administrative divisions (which are generally known by names such as cantons, provinces, states, oblasts, or regions). Local governments generally act only within powers specifically delegated to them by law and/or directives of a higher level of government. In federal states, local government generally comprises a third or fourth tier of government, whereas in unitary state ...
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Agricultural Policy
Agricultural policy describes a set of laws relating to domestic agriculture and imports of foreign agricultural products. Governments usually implement agricultural policies with the goal of achieving a specific outcome in the domestic agricultural product markets. Agricultural policies use predetermined goals, objectives and pathways set by an individual or government for the purpose of achieving a specified outcome, for the benefit of the individual(s), society and the nations' economy at large. Agricultural policies take into consideration the primary, secondary and tertiary processes in agricultural production. Outcomes can involve, for example, a guaranteed supply level, price stability, product quality, product selection, land use or employment. Agriculture has large impacts on climate change, estimated to be contributing 20–25% of global annual emissions as of 2010. Moreover, agriculture is highly vulnerable to the negative impacts of climate change, such as decreases ...
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Social Policy
Social policy is a plan or action of government or institutional agencies which aim to improve or reform society. Some professionals and universities consider social policy a subset of public policy, while other practitioners characterize social policy and public policy to be two separate, competing approaches for the same public interest (similar to MD and DO in healthcare), with social policy deemed more holistic than public policy. Whichever of these persuasions a university adheres to, social policy begins with the study of the welfare state and social services. It consists of guidelines, principles, legislation and associated activities that affect the living conditions conducive to human welfare, such as a person's quality of life. The Department of Social Policy at the London School of Economics defines social policy as "an interdisciplinary and applied subject concerned with the analysis of societies' responses to social need", which seeks to foster in its students a ...
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Globalisation
Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. The term ''globalization'' first appeared in the early 20th century (supplanting an earlier French term ''mondialization''), developed its current meaning some time in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the post-Cold War world. Its origins can be traced back to 18th and 19th centuries due to advances in transportation and communications technology. This increase in global interactions has caused a growth in international trade and the exchange of ideas, beliefs, and culture. Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects. However, disputes and international diplomacy are also large parts of the history of globalizat ...
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Natural Environment
The natural environment or natural world encompasses all life, living and non-living things occurring nature, naturally, meaning in this case not Artificiality, artificial. The term is most often applied to the Earth or some parts of Earth. This environment encompasses the interaction of all living species, climate, weather and natural resources that affect human survival and economic activity. The concept of the ''natural environment'' can be distinguished as components: * Complete ecological units that function as natural systems without massive civilized human intervention, including all vegetation, microorganisms, soil, Rock (geology), rocks, Atmosphere of Earth, atmosphere, and natural phenomenon, natural phenomena that occur within their boundaries and their nature. * Universal natural resources and physical phenomena that lack clear-cut boundaries, such as air, water, and climate, as well as energy, radiation, electric charge, and magnetism, not originating from civilize ...
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